Indonesia and New Zealand Committed to Fostering Deeper Investment and Trade Ties

The Indonesian Embassy in Wellington has held a working luncheon to promote investment and trade ties between Indonesia and New Zealand.

IDXChannel - The Indonesian Embassy in Wellington has held a working luncheon to promote investment and trade ties between Indonesia and New Zealand.

The event was held in Wellington earlier this week, in collaboration with the Indonesia Investment Promotion Centre (IIPC) and the Indonesia Trade Promotion Centre (ITPC), both based in Sydney.

The event brought together policymakers from the Ministry of Foreign Affairs and Trade of New Zealand, Ministry of Primary Industries of New Zealand, Asia-New Zealand Foundation, business leaders from various sectors including Juara Oceania, Genesis Energy, and BaseUX & ChannelOctane to explore Indonesia's evolving commodity and investment landscape and its potential impact on New Zealand's primary industries.

The luncheon provided a platform for dynamic discussions on Indonesia's latest commodity trends and investment opportunities.

Ambassador of the Republic of Indonesia to New Zealand, H.E. Fientje Maritje Suebu, in his opening remarks, highlighted the significance of the bilateral relationship, stating 

"Indonesia and New Zealand have renewed their commitment to increase two-way bilateral trade in goods to six billion New Zealand Dollars by 2029, and to promote more balanced trade and acknowledged the need to address barriers to trade in order to achieve this commitment," said Indonesian Ambassador to New Zealand Fientje Maritje Suebu in a media release on Tuesday (10/9/2024).

Director for the IIPC, Haryo Y Sadewo, shared insights into Indonesia's key economic sectors, underscoring opportunities for New Zealand businesses to invest in 81 ready-to-offer projects in Indonesia.

He also highlighted the Indonesian government's commitment to improving the business climate, with key policies aimed at attracting foreign investment and promoting sustainable development. 

The Director for the ITPC, Christoporus Barutu, introduced deeper into trade updates, regulatory developments, and the future of commodity markets in Indonesia through Indonesia the convening of the Indonesia Trade Expo in October 2024.

Participants also engaged in discussions on how Indonesian commodities, particularly in agriculture and fisheries, can support New Zealand's primary industries, especially in terms of supply chain diversification and sustainable sourcing. (Wahyu Dwi Anggoro)